Big data in sports

Vietnamese ride-hailing FastGo launched in Myanmar FastGo Viet Nam on Friday officially launched its service in Myanmar, becoming the first Vietnamese firm in the ride-hailing sector to expand its operations to foreign markets. FastGo plans to introduce its services in big cities in Myanmar in 2019, with 2 million users and 100,000 drivers. In addition, it would continue to invest and call for investment to develop new services in the market. It would maintain its competitive advantage of no commission for driver partners and not increasing fares during peak hours or adverse weather conditions. Speaking at the launch ceremony, Nguyen Huu Tuat, FastGo’s general director said with the foundation of global technology and service operation know-how, FastGo would continue to invest to develop new services in Myanmar. “We expect to become a part of Myanmar and a trusted partner,” he added. He said the company chose to launch in Myanmar first as they have a partner – … [Read more...] about BUSINESS NEWS IN BRIEF 30/12

Milk market marks new price hike
Local dairy products on the local market entered another price hike a few days ago when owners of many stores adjusted their prices up by 5-7%.
Particularly, a set of four Vinamilk fresh milk boxes is now sold at VND26,000, rising VND2,000 per set. Yogurt is priced at VND19,000 a four-box set, against the previous level of VND17,000.
Meanwhile, a 900g can of the powder milk Dielac Anpha 123 is sold at VND174,000, marking up VND14,000 from the previous price.
Vietnam Dairy Products Company (Vinamilk) intended to apply the new prices to its products from January 23, or the first day of Lunar New Year, but not until February 1 did retailers adjust prices up. Vinamilk explained the price of input dairy material has increased by 20% and other materials up 40-60%.
In addition, the input costs of power and water as well as transport and fuel expenses have surged by 10-15% year-on-year. Therefore, the company has to raise prices to make up for … [Read more...] about BUSINESS IN BRIEF 18/2

Credit loans provided for electricity projects
A credit contract worth 820 billion VND for two 500kV and 220 kV power transmission projects was signed on March 12 in the central city of Da Nang.
According to National Power Transmission (NPT), signatories were the Vietnam Development Bank (VDB), Da Nang branch and the Management Board of Central Power Projects (AMT).
Under the contract, VDB will provide the 500kV Pleiku-My Phuoc – Cau Bong project with 720 million VND and the 220 kV Dak Nong-Phuoc Long-Binh Long project with 100 billion VND, to pay for compensation and resettlement in the project area.
The two projects were also funded by Asia Development Bank (ADB), the Vietnam Bank for Industry and Trade (Vietinbank) and Bank for Investment and Development of Vietnam (BIDV), for other construction works.
Invested by NPT and spreading across the provinces of Gia Lai, Dak Lak, Dak Nong, Binh Phuoc, Binh Duong and Ho Chi Minh City , the projects aim to reduce power losses and … [Read more...] about BUSINESS IN BRIEF 18/3

Commercial banks to support WB projects Sai Gon-Ha Noi Bank (SHB) and Viet Nam Technological and Commercial Joint Stock Bank (Techcombank) have been assigned to support projects signed between Viet Nam and the World Bank. The decisions were issued by the State Bank of Viet Nam (SBV). Accordingly, SHB will support the project "Medium Urban Development" - Financing Agreement for Additional Financing Credit 6070-VN and Financing Credit Code 6071-VN, signed on December 15, 2017. In addition to this, SBV also assigned Techcombank to serve “Sustainable development of Da Nang City” - Financing Agreement for Additional Financing Credit 6032-VN, signed on September 29, 2017. The general directors of SHB and Techcomback are responsible for implementing the provisions of Decree 16/2016 /ND-CP dated March 16, 2016, of the government on the management and use of official development assistance (ODA) and preferential loans of foreign donors, guiding documents of the … [Read more...] about BUSINESS IN BRIEF 15/6

HCM City property market stalls
There are growing signs of a stalemate in HCM City's residential market, with prices in the primary market seeing little change in the first quarter.
"What we are seeing is a face-off between developers and buyers," said Marc Townsend, managing director of CBRE Viet Nam.
"Residential buyers will not buy property if they think prices will go down in the future.
"They simply expect prices to be lower next quarter and thus will not re-enter the market, while developers are attempting to show, in some cases, there is little more to give for, for over a year, they have offered discounts, gifts and lucky draws, and that has not turned the residential market around."
Adam Bury, CBRE's research and consulting senior manager, says with the economy now appearing more stable, calmer inflation, lower interest rates, and a rising stock market, developers, a couple of whom have had reasonable sales in March, may now feel the market is approaching the … [Read more...] about BUSINESS IN BRIEF 17/4